DDA Opens Registrations for Festival Special Housing Scheme 2023

Delhi development Authority (DDA) has announced the date of its commencement of the registration process for its newly launched Penthouse scheme as its biggest ‘Festival Special’. It will offer 32,000 newly constructed flats, including luxury penthouses.

DDA officials said that, the Authority will charge a nominal registration fee for potential buyers to apply in the scheme. Officials said that applicants will get nearly 20 days to physically inspect the flats they want to buy. 

Soon, the DDA will issue a notification to this effect and also make available the link for application on its website. This is for the first time that the Authority would be offering more than 1,100 luxury flats, including penthouses, in Dwarka sector 19B, overlooking the Golf Course. 

The scheme was approved in the board meeting on November 15. The flats will be located in Dwarka sectors 19B and 14, Loknayakpuram and Narela.

According to a DDA official, “Potential buyers will be able to visit sample flats to view and check the apartment, amenities, floor size, location, views and connectivity to these areas. Separate staff will be deputed at these locations to guide them.”

He further added that, the DDA will also issue online system-generated demand letters immediately after the payment of the booking is done. He also mentioned that, people can apply for the scheme and buy a DDA flat even if they already own a house in Delhi.

The reserve prices of the penthouse and super high-income group flats will start from Rs.5 crore,  and Rs. 2.5 crore. The HIG or high-income group apartments will be priced at about Rs 1.4 crore. The reserve prices of MIG or middle-income group flats will start from around Rs. 1 crore. The prices of EWS or economically weaker section flats will start from Rs. 11.5 lakh while LIG or low-income group flats will be priced at Rs. 23 lakh.

The luxury segment of the flat include SHIG and HIG categories, and the MIG located in Dwarka Sectors 19B, 14 and Loknayakpuram, will be allotted through e-auction. For the EWS and LIG category the flats will available through ‘First come Fisrt Serve’ basis.  

According to the latest report, total 316 MIG flats are being offered in Dwarka Sector 14 and 647 apartments in Loknayakpuram. As many as 728 flats for the EWS are being offered in Dwarka Sector 19B and 316 LIG, and 1,008 EWS flats in Dwarka Sector 14. As many as 224 EWS units and 28,000 flats under different categories will be put on sale in Loknayakpuram and Narela, respectively.